Do you believe in savings or investment

[Smack That Ace]

I think investment and savings are both very important. Investment will show the way to the future and savings will stand by you in times of danger just as you need savings if you plan for the future and if you are a conscious person you must plan your investments. If you are earning money now but you may not have the same amount of money income in the future, if you do not have any other employment in the future but you may face a big financial crisis towards the end of your life. So everyone should plan for savings as well as investment. When an investor plans to save as well as invest and he executes that plan one time it will be seen that he is getting rid of many dangers in his life due to his decision.

You have quite wise thoughts in responding to this problem. Because both are important things that everyone must have. Savings can be used to accumulate capital for larger investments and savings can also be used to prepare emergency funds or reserve funds. And we use our investment for a better future. or to build the financial freedom that we have always wanted in life so that we can have a beautiful old age that can allow us to have passive income without having to work much. We can relax and take a vacation to enjoy every result we have obtained from the investments we have made since we were young. But savings must still be held at a certain percentage. Because we still have to prepare reserve funds such as capital and emergency funds. Just in percentage terms, maybe I would invest more and leave a few tens of percent in savings.

Yup right, that is a good mindset where we can run both at once especially if you have a large enough income, as you said that we can make savings as a place to store emergency funds for urgent situations that cannot be tolerated and we can also make investments as a place to plant seeds of financial freedom in the future, such as always being consistent in putting a certain amount of money for long-term plans and then taking it when you have entered the final phase of your planning in the future, but what we must remember is that still the name of the investment always has a risk where there is a possibility that you experience losses in certain situations.

This is indeed a good idea but unfortunately not everyone has a truly qualified financial situation to be able to carry out the idea, because obviously when your income is quite low then let alone saving or investing, sometimes just to pay for the necessities of life is not enough, but this is not a destiny because every human being is given a common sense to think which is useful to overcome every problem as long as they are willing to do it.

I believe that people who think saving is a bad idea are people who don't have too much money and they just want to get rich quickly and the path they choose is investing. To put it bluntly, they take risks for the chance to become rich with their little capital. That's not necessarily wrong because sometimes we need to step out of our comfort zone to challenge ourselves. But that's too risky if we have family behind us and have to take care of our loved ones. So, if we have no family and no burdens, the trade-off is something we can consider. But if we have a family, saving money is always a top priority because life is always full of surprises.

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[Bobrox]

I believe with both side saving and investment, I know with potential increasing up our assets when put as investment but saving is most important for us when any emergency happen to us. Can't predictable when any urgent needed but if have saving assets we can face it without any problem yet.

I have allocated my assets for investing and half for saving fund, I won't take risk by put my all money for investing assets because every day I face many unpredictable thing in my live and have saving make it easy. Not all our money need put on investment and we have to enjoy with our investment profitable put as saving assets.

[Renampun]

saving money is actually a loss because the value of your money the purchasing power of your money will decrease due to inflation.

It's true, inflation is something that cannot be avoided and indeed the price of every item will continue to rise over time in any country.

because the value of inflation is always higher than the value of bank interest. so saving money is actually a loss not a gain.

But do you only want to save for long-term goals, because usually people will save for short-term goals such as 3 or 5 years, and also to meet the needs of themselves and their families.

So investing and saving is good and good which one is of course investing is better than saving.
iam preffer investment if compare saving

I'm the same way, investing in property or shares is the best choice for the long term, and usually the results you get will be much more than just saving.

[Dewi Aries]

I believe with both side saving and investment, I know with potential increasing up our assets when put as investment but saving is most important for us when any emergency happen to us. Can't predictable when any urgent needed but if have saving assets we can face it without any problem yet.

I have allocated my assets for investing and half for saving fund, I won't take risk by put my all money for investing assets because every day I face many unpredictable thing in my live and have saving make it easy. Not all our money need put on investment and we have to enjoy with our investment profitable put as saving assets.

Yes, maybe the best plan is to use both of them where you can allocate money to savings with the aim of minimizing the possibility of unwanted when urgent situations that come unexpectedly occur, and you can also make investments as a place to get an increase in the value or amount of money that you allocate, basically both of these things can be very useful if you know how to use them.

On the other hand, yes, however, the name of investment always has the possibility of risk, meaning that you not only have the opportunity to get a profit in a certain period of time but it is very possible for you to eventually also experience a loss which means that your money is reduced due to fluctuations in the market, and here you have a pretty good formula which is to put some in investment and some in savings to overcome some unexpected events, everyone has different considerations before they make a decision and maybe for those who feel too worried about losing their money then maybe they will not touch investment.

[junder]

I believe with both side saving and investment, I know with potential increasing up our assets when put as investment but saving is most important for us when any emergency happen to us. Can't predictable when any urgent needed but if have saving assets we can face it without any problem yet.

I have allocated my assets for investing and half for saving fund, I won't take risk by put my all money for investing assets because every day I face many unpredictable thing in my live and have saving make it easy. Not all our money need put on investment and we have to enjoy with our investment profitable put as saving assets.

It's true that saving is an important thing in life, because as far as I know, every parent must have taught their young children to save, because it is something that must be done and is also one way to survive if we can manage our finances well. . and with investment, of course, for people who already understand, they will definitely do it, but not everyone understands investment, while for saving, everyone definitely understands it. Also, in my opinion, saving is one of the requirements for investing.

That's the purpose of saving, by saving we will have savings that can help us in emergency situations such as accidents or needing medical expenses when we are sick. Actually, in my opinion, saving and investing are two things that are interrelated, it's just that investing is done more by people who really understand.

[red4slash]

because the value of inflation is always higher than the value of bank interest. so saving money is actually a loss not a gain.

But do you only want to save for long-term goals, because usually people will save for short-term goals such as 3 or 5 years, and also to meet the needs of themselves and their families.

Actually when talking about the strength of value I don't think it matters whether it is long or short term because everything plays the same role where the value will definitely decrease whether it is for the long term or the short term which only ranges from a few years of therapy on the other hand we must be aware that even though for Fiat it is certain in terms of value it will decrease still we cannot let go of it even though it becomes a loss for us because after all it is a thing that must exist in the end considering the needs we have until now are still based on Fiat so inevitably it still has to exist and allows it to be owned so that the needs we need either unexpectedly or unexpectedly can still be anticipated quickly so that in the end saving money in Fiat still has to be done.

[nurilham]

I believe that people who think saving is a bad idea are people who don't have too much money and they just want to get rich quickly and the path they choose is investing. To put it bluntly, they take risks for the chance to become rich with their little capital. That's not necessarily wrong because sometimes we need to step out of our comfort zone to challenge ourselves. But that's too risky if we have family behind us and have to take care of our loved ones.

Yes. Besides having not much money, I also think people who don't want to have saving that they are the people who don't care with the future life. We don't only think about investment, we need also saving for urgent needs. Investment needs time to take profits but saving can be used any time we need it. So, it will be safe if there is something happening in the future that needs money. Sure, we have family to be cared, they may need money for any purposes in the future. If we have no savings, how we can fulfill it in the future? Ideally, investment shouldn't be used for urgent needs.

[Falconer]

-snip-

I believe that people who think saving is a bad idea are people who don't have too much money and they just want to get rich quickly and the path they choose is investing.

I think your opinion is very reasonable, even large investors have healthy savings for whatever they need without disturbing their investments. Having savings is never considered bad, but if they only save without investing, then they have lost the opportunity to make more money with their money.

To put it bluntly, they take risks for the chance to become rich with their little capital. That's not necessarily wrong because sometimes we need to step out of our comfort zone to challenge ourselves. But that's too risky if we have family behind us and have to take care of our loved ones. So, if we have no family and no burdens, the trade-off is something we can consider. But if we have a family, saving money is always a top priority because life is always full of surprises.

For some people, saving fiat is not a smart choice. They will know how to make money with money, including doing business and investing. They can save from the profits they make from their businesses and investments, this is a smart choice that serves as wise advice on how to make money with money.

Having savings is important, I never said it was bad. If an investor does not have savings or in other words reserve money, then they must forever ruin their investment plans midway.

[Woodie]

For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?

Just to put it out there...In the world of crypto, saving money as a hodler in form of crypto is as good as an investment, and in the fiat world saving might mean either gaining or not gaining an interest on your principal amount ..but do any of these amount to extreme wealth, well I think let's just say your input determines your output...if you put in a tonne of money expect a huge return, while if you put in peanuts expect to get small returns.

For long have been around here seems like people who belongs to this world think much of investment than savings while the real world focuses more on savings but if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.

What do you think?

Honestly I think investment and saving are all the same at the end of the day,  it just depends on what terms you negotiate for.. for example you can save your money with a bank at an agreed rate of return and treat this as an investment, other's will save money with a bank with no interest received which is why I said it all comes down to terms agreed and the alike which doesn't make it different from an investment.

[Jatiluhung]

You have quite wise thoughts in responding to this problem. Because both are important things that everyone must have. Savings can be used to accumulate capital for larger investments and savings can also be used to prepare emergency funds or reserve funds. And we use our investment for a better future. or to build the financial freedom that we have always wanted in life so that we can have a beautiful old age that can allow us to have passive income without having to work much. We can relax and take a vacation to enjoy every result we have obtained from the investments we have made since we were young. But savings must still be held at a certain percentage. Because we still have to prepare reserve funds such as capital and emergency funds. Just in percentage terms, maybe I would invest more and leave a few tens of percent in savings.

Yup right, that is a good mindset where we can run both at once especially if you have a large enough income, as you said that we can make savings as a place to store emergency funds for urgent situations that cannot be tolerated and we can also make investments as a place to plant seeds of financial freedom in the future, such as always being consistent in putting a certain amount of money for long-term plans and then taking it when you have entered the final phase of your planning in the future, but what we must remember is that still the name of the investment always has a risk where there is a possibility that you experience losses in certain situations.

This is indeed a good idea but unfortunately not everyone has a truly qualified financial situation to be able to carry out the idea, because obviously when your income is quite low then let alone saving or investing, sometimes just to pay for the necessities of life is not enough, but this is not a destiny because every human being is given a common sense to think which is useful to overcome every problem as long as they are willing to do it.

Well, in reality, not everyone is able to do it. Especially in lower developing countries where there are still many people who only have enough income to cover their daily living expenses. And they can't even set aside money to save or invest. This is because salaries are low in that country and the price of daily necessities is expensive there due to inflation. So implementing an investment and saving pattern and preparing an emergency fund can only be done if someone has a good income and still has plenty left over after meeting all their needs each month. And in developing countries, if we want to get a bigger income, the only solution is to become a successful businessman or have a side job outside of our main job. Because just relying on your main job will still not feel easy.

[Jody.Drummer]

Yup right, that is a good mindset where we can run both at once especially if you have a large enough income, as you said that we can make savings as a place to store emergency funds for urgent situations that cannot be tolerated and we can also make investments as a place to plant seeds of financial freedom in the future, such as always being consistent in putting a certain amount of money for long-term plans and then taking it when you have entered the final phase of your planning in the future, but what we must remember is that still the name of the investment always has a risk where there is a possibility that you experience losses in certain situations.

This is indeed a good idea but unfortunately not everyone has a truly qualified financial situation to be able to carry out the idea, because obviously when your income is quite low then let alone saving or investing, sometimes just to pay for the necessities of life is not enough, but this is not a destiny because every human being is given a common sense to think which is useful to overcome every problem as long as they are willing to do it.

Well, in reality, not everyone is able to do it. Especially in lower developing countries where there are still many people who only have enough income to cover their daily living expenses. And they can't even set aside money to save or invest. This is because salaries are low in that country and the price of daily necessities is expensive there due to inflation. So implementing an investment and saving pattern and preparing an emergency fund can only be done if someone has a good income and still has plenty left over after meeting all their needs each month. And in developing countries, if we want to get a bigger income, the only solution is to become a successful businessman or have a side job outside of our main job. Because just relying on your main job will still not feel easy.

Yes as I said above that not everyone has a good financial situation so with this then obviously they will not be able to implement the idea because they have a low income so obviously of course let alone saving or investing sometimes to make ends meet they are already struggling, and the point is yes as you said that saving along with combining it with investment can only be done when you have a qualified financial situation.

But this is not the end of everything because there will always be changes if for example you have a strong desire and determination to change your life, there are already quite a lot of jobs that can earn, not only normal jobs as in general but now we can earn money just by playing the internet, you can sell there or sell the services of the skills you have if for example you have the ability or advantage, however there will always be a way if someone wants to do it.

[Iroh]

Although it makes sense, I think it all depends on the individual. With an income of $150-$200 you can still invest and save if you can really manage it well and put aside personal needs that are not too important or minimize them, which in my opinion you can still save and also invest with an amount of $15 -$20 every month.
.

Only in developing countries where the exchange rate of the local currency compared to the dollar is much. Folks in the US surely won’t be able to comfortably invest some after putting aside some for savings. All on an income of  $150 to $200.
In developing nations having a high exchange rate to the dollar, one could likely live comfortable and modestly and perhaps put a little bit away for saving. I think if you’re earning a modest amount, it’s best to save leaving investments when you’ve accumulated enough.

[Yukyzu]

It's true that saving is an important thing in life, because as far as I know, every parent must have taught their young children to save, because it is something that must be done and is also one way to survive if we can manage our finances well. . and with investment, of course, for people who already understand, they will definitely do it, but not everyone understands investment, while for saving, everyone definitely understands it. Also, in my opinion, saving is one of the requirements for investing.

That's the purpose of saving, by saving we will have savings that can help us in emergency situations such as accidents or needing medical expenses when we are sick. Actually, in my opinion, saving and investing are two things that are interrelated, it's just that investing is done more by people who really understand.

It is our obligation as parents to teach their children to save so that when they grow up and have income they can manage their finances properly and not spend the money they have on things they don't need so they can set aside some of their income for savings and I agree with that, to be able to invest, of course we have to be diligent in saving and we also have to be able to manage our finances well.

Having savings for emergency needs is very important for everyone to have so that we can meet these needs when we suddenly need these funds and don't have to bother thinking about these needs, yes, these two things will really help us in facing the future. which is better, but to invest, of course we must have knowledge about the investments we make so that we can carry them out well in preparation for the future.

[gunhell16]

For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?
No wonder teacher or lecturers are not wealthy due to their this mentality of thinking we hardly finds out a very wealth teacher across or locality.

For long have been around here seems like people who belongs to this world think much of investment than savings while the real world focuses more on savings but if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.

What do you think?

Well, we are still making savings here in the crypto or bitcoin industry that we belong to, right? The only difference is that the investment we make here is combined with savings.
In what way?

Of course, once we hold any cryptocurrency here or bitcoin, there are chances that its value will increase while the waiting period passes, as long as we are sure that it has potential.
And because of the increase in value as it goes by, this becomes our savings in the future.

[Barikui1]

For quite some time now we have been hearing about savings and most people who are working in some oil firm or some civil servants so much believe on saving and their pension. What if those savings are turned into investment what do you think could be their results by now extremely rich or wealth?
No wonder teacher or lecturers are not wealthy due to their this mentality of thinking we hardly finds out a very wealth teacher across or locality.

For long have been around here seems like people who belongs to this world think much of investment than savings while the real world focuses more on savings but if I could recall correctly, any money in savings doesn't yield and add to the account while investment is what gives us money or profits at every end of the day week or month irrespective of how little it could be it's better to have investment than savings.

What do you think?

Well, we are still making savings here in the crypto or bitcoin industry that we belong to, right? The only difference is that the investment we make here is combined with savings.
In what way?

Of course, once we hold any cryptocurrency here or bitcoin, there are chances that its value will increase while the waiting period passes, as long as we are sure that it has potential.
And because of the increase in value as it goes by, this becomes our savings in the future.

I totally agree to to what you are saying, because what most informed people are doing right now is to hold their savings in Bitcoin which create the opportunity of not just making profit out of it, but also as a means to fight inflation, since Bitcoin is an asset that appreciate in value overtime,  unlike the fiat that is being eaten up by inflation.

And as for the civil servants and most private workers, it's only few people that are aware of what's going on around them, some knows that inflation is eating their savings but don't actually knows how to go about it in curbing that menace going on in their finance, because they are uninformed, that is why I really do appreciate this forum because the knowledge I have gained in the past few months I have been in this forum have really been helpful in my decision making financially.

[Ayers]

What do you think?

Saving will not be able to help us to beat inflation because the benefits we get are very small and the value will continue to decrease due to inflation, so if you want to have a better economy in the future, investment is the right choice, but you still have to save because savings are an emergency fund, because if you only focus on investing without having savings, it is very likely that you will sell your investment at a loss or have not achieved the desired maximum profit because the investment is for the long term, more than five years, the benefits you will get are very good compared to if it is only one or two years.
So I believe in both, and doing both is much better for our financial future.

To be fair, saving and investing both have different roles and use cases in our lives. We need both and both are necessary if we want to maintain a balanced life. Investing sounds attractive because most people only like to dream about the profits they will receive, they ignore the risks they will encounter because there is no investment without risk. Meanwhile, saving will not help us against currency devaluation, but in return it will help us in emergencies. Obviously, both are very important and support each other.

Saving plays a very important role in life, but young people today hardly understand and ignore it because they think that getting rich is easy. Especially bitcoin investors who are dreaming about the huge profits that bitcoin will bring them, and underestimate the role of savings. But they will soon have to pay the price if their get-rich-quick scheme doesn't work out as they expected.

[hyudien]

Well, in reality, not everyone is able to do it. Especially in lower developing countries where there are still many people who only have enough income to cover their daily living expenses. And they can't even set aside money to save or invest. This is because salaries are low in that country and the price of daily necessities is expensive there due to inflation. So implementing an investment and saving pattern and preparing an emergency fund can only be done if someone has a good income and still has plenty left over after meeting all their needs each month. And in developing countries, if we want to get a bigger income, the only solution is to become a successful businessman or have a side job outside of our main job. Because just relying on your main job will still not feel easy.

That's right, although saving money is mandatory, it's just that maybe some people don't do it because of their unstable financial situation, because there are people who have jobs and income but it's only enough to meet their daily needs, and because of that they can't set aside money to save let alone invest. But I think it's normal because everyone's finances are different, those who struggle to survive with unstable finances are already good.
I agree with you, saving and investing or preparing an emergency fund is only done by people who do have stable finances, for those who have inadequate finances even sometimes for daily life is difficult maybe not a problem, but they must be able to move to be able to improve their financial situation because they themselves can change it not other people or the government.

[Elissa~sH]

What do you think?

You make a good point. Saving and investing are two different things. One keeps the money earned for future use. No profit comes from saving money. Investment is to invest in something to get some profit.
Between savings and investment, investment should be the most important. Investing earns profit, and money invested earns a profit, but savings do not.

Saving is good, but investment is your first choice if you expect some profit from your savings.

[AirtelBuzz]

What do you think?

You make a good point. Saving and investing are two different things. One keeps the money earned for future use. No profit comes from saving money. Investment is to invest in something to get some profit.
Between savings and investment, investment should be the most important. Investing earns profit, and money invested earns a profit, but savings do not.

Saving is good, but investment is your first choice if you expect some profit from your savings.

People may save their earnings thinking about the future. But those among them who have no idea about investment save their earned money and deposit it in the bank. You say you have to invest to get some profit from your savings. Yes it is true that if people save their money without investing in anything then they cannot earn profit from it. And if people invest their savings in something then they will be able to earn a certain amount of profit from it.

But it may be our mistake to think that only profit will be earned by investing because investment involves risk. If one has a proper understanding of Cryptocurrencies and can analyze coins well then he should invest his savings in Bitcoin. Because investing in Bitcoin will provide much more security than depositing their savings in the bank or investing in anything else even they will be able to earn huge profits from investing in this Bitcoin at some point.

[junder]

It's true that saving is an important thing in life, because as far as I know, every parent must have taught their young children to save, because it is something that must be done and is also one way to survive if we can manage our finances well. . and with investment, of course, for people who already understand, they will definitely do it, but not everyone understands investment, while for saving, everyone definitely understands it. Also, in my opinion, saving is one of the requirements for investing.

That's the purpose of saving, by saving we will have savings that can help us in emergency situations such as accidents or needing medical expenses when we are sick. Actually, in my opinion, saving and investing are two things that are interrelated, it's just that investing is done more by people who really understand.

It is our obligation as parents to teach their children to save so that when they grow up and have income they can manage their finances properly and not spend the money they have on things they don't need so they can set aside some of their income for savings and I agree with that, to be able to invest, of course we have to be diligent in saving and we also have to be able to manage our finances well.

Having savings for emergency needs is very important for everyone to have so that we can meet these needs when we suddenly need these funds and don't have to bother thinking about these needs, yes, these two things will really help us in facing the future. which is better, but to invest, of course we must have knowledge about the investments we make so that we can carry them out well in preparation for the future.

That's right, because we have to have good money management when we are adults and have jobs that pay off. getting used to saving from a young age is a good habit, because when we grow up of course we have to be able to manage our finances well, don't let us have a job that pays off but we can't manage it well, like when we get a salary, because there is no management. Good money, salary is not managed well, like buying whatever we want, even though its role is not very important. Of course, people who are used to saving will set aside some of the money they earn to save, whether it's because they want to buy the item they want, or just in case.

That's right, we really have to pay attention to emergency funds, because we really need them, even though our condition is fine doesn't mean we don't have to think about it. even when we are in good condition we have to try hard to be able to make money and have savings and emergency funds because of course one way to prepare for the future also in my opinion is that we have to have emergency funds and savings, if for investment it is only carried out by people who really understand aspects related to investment, such as having knowledge about investment so that they don't experience big losses or can even avoid losses.